BNP Paribas Financial Markets Takes Position in Hillman Solutions Corp (NASDAQ:HLMN)

BNP Paribas Financial Markets purchased a new position in shares of Hillman Solutions Corp (NASDAQ:HLMN - Free Report) in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 148,115 shares of the company's stock, valued at approximately $1,443,000. BNP Paribas Financial Markets owned about 0.08% of Hillman Solutions as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Federated Hermes Inc. acquired a new position in Hillman Solutions during the fourth quarter worth approximately $25,000. R Squared Ltd acquired a new position in Hillman Solutions during the fourth quarter worth approximately $32,000. Sterling Capital Management LLC increased its position in Hillman Solutions by 765.8% during the fourth quarter. Sterling Capital Management LLC now owns 5,169 shares of the company's stock worth $50,000 after purchasing an additional 4,572 shares during the last quarter. Venturi Wealth Management LLC increased its position in Hillman Solutions by 1,337.4% during the fourth quarter. Venturi Wealth Management LLC now owns 6,986 shares of the company's stock worth $68,000 after purchasing an additional 6,500 shares during the last quarter. Finally, Jones Financial Companies Lllp increased its position in Hillman Solutions by 285.7% during the fourth quarter. Jones Financial Companies Lllp now owns 7,985 shares of the company's stock worth $78,000 after purchasing an additional 5,915 shares during the last quarter. Institutional investors and hedge funds own 98.11% of the company's stock.

Analyst Ratings Changes

Several equities analysts recently commented on the stock. Barclays dropped their price target on shares of Hillman Solutions from $11.00 to $8.00 and set an "equal weight" rating for the company in a research report on Tuesday, April 8th. Benchmark reaffirmed a "buy" rating and set a $16.00 price target on shares of Hillman Solutions in a report on Wednesday, February 19th. Robert W. Baird lowered their price target on shares of Hillman Solutions from $9.00 to $8.00 and set a "neutral" rating for the company in a report on Wednesday, April 30th. Raymond James set a $10.00 price objective on shares of Hillman Solutions and gave the company an "outperform" rating in a research note on Wednesday, April 30th. Finally, Baird R W downgraded shares of Hillman Solutions from a "strong-buy" rating to a "hold" rating in a research note on Wednesday, April 16th. Four research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of "Hold" and an average price target of $11.00.

Hillman Solutions Stock Performance

Shares of Hillman Solutions stock traded down $0.13 during trading hours on Friday, reaching $7.25. The company's stock had a trading volume of 1,312,948 shares, compared to its average volume of 1,068,143. The company's 50 day simple moving average is $7.93 and its 200 day simple moving average is $9.44. The company has a debt-to-equity ratio of 0.62, a quick ratio of 0.76 and a current ratio of 2.32. Hillman Solutions Corp has a one year low of $6.64 and a one year high of $12.08. The stock has a market cap of $1.43 billion, a P/E ratio of 90.64 and a beta of 1.70.

Hillman Solutions (NASDAQ:HLMN - Get Free Report) last posted its quarterly earnings results on Tuesday, April 29th. The company reported $0.10 earnings per share (EPS) for the quarter, hitting analysts' consensus estimates of $0.10. Hillman Solutions had a net margin of 1.17% and a return on equity of 8.79%. The company had revenue of $359.34 million for the quarter, compared to the consensus estimate of $358.14 million. During the same period last year, the firm posted $0.10 EPS. The company's revenue for the quarter was up 2.6% on a year-over-year basis. As a group, analysts expect that Hillman Solutions Corp will post 0.58 EPS for the current fiscal year.

Insider Activity at Hillman Solutions

In related news, CFO Robert O. Kraft acquired 140,000 shares of the firm's stock in a transaction dated Thursday, May 1st. The stock was acquired at an average cost of $7.09 per share, for a total transaction of $992,600.00. Following the completion of the acquisition, the chief financial officer now directly owns 632,752 shares of the company's stock, valued at approximately $4,486,211.68. The trade was a 28.41% increase in their position. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. 5.10% of the stock is currently owned by insiders.

Hillman Solutions Company Profile

Founded in 1964 and headquartered in Cincinnati, Ohio, Hillman is a leading North American provider of complete hardware solutions, delivered with industry best customer service to over 40,000 locations. Hillman designs innovative product and merchandising solutions for complex categories that deliver an outstanding customer experience to home improvement centers, mass merchants, national and regional hardware stores, pet supply stores, and OEM & Industrial customers.